AGP Executive Report
Last update: 5 hours agoBanking & Housing: Westpac says mortgage applications fell 20% after Labor’s May housing tax changes, with investor loan demand the biggest drag; the bank also flagged housing credit growth easing to 4.7% in FY27. Markets: ASX 200 opened lower as a bank selloff hit sentiment, even as gold and miners held up and RBA expectations for a pause kept traders cautious. Banking Deals: Tabcorp will buy BetMakers Technology Group for AU$267m via a scheme of arrangement, aiming to modernise its wagering tech stack. Crypto Regulation: AUSTRAC has temporarily shut down Cryptolink’s crypto ATM network for three months over reporting and AML/CFT concerns. Corporate/Consulting Expansion: Sia is buying Australian firm Seven Consulting, boosting its Australia footprint and adding change-delivery capability for banking and government clients. Energy & Resources: Sunrise Energy Metals jumped after securing up to US$400m in long-term debt financing from the US Department of War for scandium development. Business & Procurement: NSW launches a WEConnect pilot to certify 50 women-owned businesses for procurement opportunities. Geopolitics/Trade: Analysis highlights critical minerals as a new battleground in US-China rivalry.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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